The Director General of the Securities and Exchange Commission, Dr Emomotimi Agama, has said that the Commission cannot recover the N1.3tn reportedly lost by Nigerians to the now-defunct Crypto Bridge Exchange, also known as CBEX.
The unregistered digital platform, which operated under the name ST Technologies International Ltd, allegedly vanished last Monday with the funds of about 600,000 Nigerian investors. CBEX had lured victims with the promise of 100 per cent return on investment within 30 days.